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FILE PHOTO: A full-scale mock-up of an electrically powered vertical take-off and landing aircraft (eVTOL), which can carry up to 6 passengers, from the German aviation company Lilium stands in a factory hall in Gauting, Germany, October 14, 2024. REUTERS/Angelika Warmuth/File Photo
AnalysisAviationBusinessEconomyElectric Vehicles (EVs)

Analysis: Lilium’s fall throws spotlight on air-taxi cash crunch

The air-taxi industry faces hurdles as Lilium exits, raising doubts about timelines and viability despite investor support.

By Abhijith Ganapavaram and Shivansh Tiwary25 Nov 2024Reuters
FILE PHOTO: The Eve Air Mobility logo is seen on the full-scale prototype of an electric vertical take-off and landing (eVTOL) aircraft as it is presented for the first time in Gaviao Peixoto, Brazil July 3, 2024. REUTERS/Amanda Perobelli/File Photo
AviationBusinessFinanceManufacturingNews

Embraer’s Eve gets $88 million BNDES loan to build first plant

Eve is among the startups creating electrical vertical take-off and landing (eVTOL) aircraft to ferry travelers on short city trips, bypassing traffic.

By Reuters15 Oct 2024Reuters

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